Constellation Energy Corporation (CEG)

In the past six months, Constellation Energy's stock has experienced significant activity. As of October 2, 2025, the stock price was $357.46, representing a 28.87% increase from October 3, 2024. The stock gained 13.75% in the month leading up to October 2, 2025, and showed a 1.87% change on October 2, 2025, outperforming the S&P 500. On October 1, 2025, the stock saw a 6.63% increase. Key events impacting the stock include Constellation's $27 billion deal to acquire Calpine, which is expected to close in Q4 2025. Constellation raised its dividend by 10% in 2025, following a 25% increase in 2024, as part of a plan to consistently boost shareholder payouts. Constellation reported strong financial results for Q2 2025, with revenue increasing by 11% year-on-year, driven by higher sales volumes and electricity prices. Constellation Energy signed a $7 billion revolving credit facility with JPMorgan and other banks, providing financial stability and supporting growth initiatives. Scotiabank declared Constellation Energy Corporation its top pick in the sector on October 1, 2025, initiating coverage with a Sector Outperform rating and a $401 price objective.

Demand for Constellation Energy's products and services, particularly electricity, exhibits clear seasonality. The company typically experiences its highest profits in the summer and winter months due to increased electricity consumption for cooling and heating. The overall trend indicates a rising demand for electricity, driven by economic activity, electrification of end-uses, and the accelerating growth of power-hungry AI data centers.

Constellation Energy Corporation is an American energy company specializing in the production and sale of energy products and services across the United States. It operates within the Utilities sector, focusing on Electric Utilities and Renewable Utilities. The company generates and distributes electricity and natural gas, offering energy-related products and sustainable solutions. Its diverse generating capacity includes nuclear, wind, solar, natural gas, and hydroelectric assets, with nuclear power being a significant component of its carbon-free energy generation. Constellation serves a broad customer base, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers.

Constellation Energy's operations span across the continental United States, segmented into five primary regions: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company provides competitive energy supply services and sustainable products to residential customers in numerous states, including Connecticut, Delaware, Georgia, Illinois, Indiana, Kentucky, Massachusetts, Maryland, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, Texas, Virginia, Wyoming, and Washington D.C. Its service areas are strategically located near major data center and manufacturing hubs, such as the Midcontinent Independent System Operator (MISO), ERCOT, and Pennsylvania-New Jersey-Maryland (PJM) regions.

Constellation Energy has cultivated a strong brand reputation, particularly in the clean energy sector, over the past year. The company is recognized as the nation's largest producer of reliable, emissions-free energy, with nearly 90% carbon-free annual output. Constellation has secured high-profile agreements with major technology companies like Microsoft and Meta to provide carbon-free electricity for their AI data centers. The company's nuclear fleet achieved a 94.6% capacity factor from 2022-2023, demonstrating consistent and reliable performance. Constellation is committed to leading the transition to a clean energy future through expanding renewable energy investments, decarbonization goals, and developing advanced technologies like hydrogen energy and carbon capture.

Constellation Energy Corporation's stock ownership is primarily held by institutional investors, who own approximately 81.89% to 82.30% of the company's shares. Individual investors (retail) hold about 18.00% to 18.16%, while insiders own a smaller percentage, around 0.11% to 0.17%. Major institutional owners include Vanguard Group Inc., Capital International Investors, BlackRock, Inc., State Street Corp, Fmr Llc, Morgan Stanley, Geode Capital Management, Llc, Coatue Management, L.L.C., and T. Rowe Price Group, Inc.